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Best Islamic Credit Cards in Malaysia 2019

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Similar to the conventional banking system, the Islamic banking system offers credit cards to its customers. These cards work on Shariah principles and offer reward points or cashback like any other card. Islamic cards offer various benefits such as cashback, rewards points, rebates, discounts on shopping, dining, petrol and grocery expenses. These cards also offer extra benefits such as Takaful cover and annual fee waiver. Some Islamic cards offer low profit rates when compared to commercial cards.

Islamic credit cards are Shariah-compliant and unlike conventional credit cards, Islamic cards have profit rates in place instead of interest rates. Let us find out more about the best Islamic credit cards in Malaysia

Best Islamic Credit Cards

BBazaar's Best Islamic Credit Cards of 2019

Updated on 17th January 2019

Use this guide to compare and choose the card that is best suited to you. Make sure you read all terms and conditions pertaining to the card before opting for one. Identify your preferred spending category and budget to pick a card that will meet your financial needs. This table below will explain the categories that each individual card is ideal for. Utilize this table when comparing cards to choose the best card for yourself.

Credit Cards Rewards Programme
RHB Islamic World Mastercard Platinum Credit Card-i

Up to 6% cashback per month.

Complimentary access to Plaza Premium Lounge

Maybank Islamic World Mastercard Ikhwan

Earn TreatsPoints on local and overseas purchases.

Bank Islam Visa Infinite Credit Card-i

Low profit rates starting at 13.5% p.a.

CIMB PETRONAS Platinum-i Credit Card

Up to 7% cash rebate on statement balance above RM3,000 spends

AFFIN ISLAMIC World Mastercard Credit Card Low profit rates starting at 12% p.a.
BSN Mastercard Platinum Credit Card-i

Up to 2x Happy Points

AmBank Islamic Visa Infinite Card-i 5x AmBonus Points for overseas spends.
Public Islamic Bank Visa/Mastercard Platinum Credit Card-i Unlimited 0.2% Hibah Performance Bonus on local and overseas spends.

Here are the Best Islamic Credit Cards in Malaysia 2019

Updated on 17th January 2019

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Up to 6% cashback per month.

Complimentary access to Plaza Premium Lounge

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

None

(Takaful Protection)

Earn TreatsPoints on local and overseas purchases.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Takaful coverage of up to RM2 million.

(Takaful Protection)

Low profit rates starting at 13.5% p.a.

(Rewards Programme)

13% p.a. to 17% p.a. for Bank Rakyat members

(Profit Rate)

Travel Personal Accident Takaful—RM2 million

Personal Accident Takaful—RM100,000

(Takaful Protection)

Up to 7% cash rebate on statement balance above RM3,000 spends

3% cash rebate on statement balance of RM3,000 and below

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Takaful coverage of up to RM1 million

(Annual Fees)

Low profit rates starting at 12% p.a.

(Rewards Programme)

12% p.a. to 18% p.a.

(Profit Rate)

Flight and Travel Personal Accident Takaful—RM1 million

Personal Accident Takaful—RM100,000

(Takaful Protection)

Up to 2x Happy Points

(Annual Fees)

11% p.a. to 17.5% p.a. (for government employees)

13.5%p.a. to 17.5%p.a. (for private employees)

(Profit Rate)

Complimentary automatic Travel Accident Insurance up to RM1 million

(Takaful Protection)

5x AmBonus Points for overseas spends.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Travel takaful coverage of up to RM2 million.

(Takaful Protection )

Unlimited 0.2% Hibah Performance Bonus on local and overseas spends.

(Rewards Programme)
15%p.a to 18%p.a.

(Profit Rate)

Up to RM500,000.

(Takaful Protection)

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the new cards or cards up for renewal.

RHB Islamic World Mastercard Platinum Credit Card-i

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Up to 6% cashback per month.

Complimentary access to Plaza Premium Lounge

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

None

(Takaful Protection)

The RHB Islamic World Mastercard Platinum Credit Card-i is a Shariah-compliant card that offers a range of benefits. You can get a credit limit ranging from RM15,000 to RM500,000 on your card.

Key Benefits

  • Earn up to 6% cashback on local and overseas travel, dining, and other purchases.
  • Get cashback from selected travel agencies.
  • Earn cashback on local petrol transactions.
  • Get complimentary access to Plaza Premium Lounges in Malaysia.
Additional Points Description
How to Use It
  • Use the RHB Islamic World Mastercard Platinum Credit Card-i to pay for all your local and overseas transactions.
  • Get up to 6% cashback on your purchases.
  • You can also enjoy travel benefits when you use this card at airports.
Good about It
  • Enjoy complimentary green fees at golf clubs across Malaysia.
  • Enjoy exclusive offers and discounts with Mastercard Privileges.
  • Annual fees waived for life without any condition.  
Keep in Mind
  • There is a cap on the cashback that you can earn (specific categories) per month.
  • The percentage of cash rebate you can earn depends on your total spend per month.
  • Cashback is not applicable for overseas petrol purchases.
  • Your annual income must be a minimum of RM80,000 p.a. to be eligible for the card.

Who Should Get It

Those who use their card to make local and overseas retail transactions.

Maybank Islamic World Mastercard Ikhwan

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Earn TreatsPoints on local and overseas purchases.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Takaful coverage of up to RM2 million.

(Takaful Protection)

This credit card from Maybank lets you earn reward points on local and overseas purchases. You also get to enjoy an array of travel-related privileges. Use this card to gain exclusive benefits to compliment your lifestyle.

Key Benefits

  • Earn 5x TreatsPoints for every RM2 spent on local transactions.
  • Get 5x TreatsPoints for each Ringgit you spend overseas.
  • Redeem your TreatsPoints for Enrich Miles.
  • Annual fee for the principal card waived off for the first year. Spend a minimum of RM50,000 per year to get the fee waived for subsequent years.
  • Annual fee waived for life for up to 4 supplementary cards.
  • Enjoy a Muslim-friendly travel package to South Africa and Mauritius inclusive of all expenses.
  • Get complimentary access to Plaza Premium Lounges in Malaysia and across the world.
  • Get automatic complimentary travel takaful coverage of up to RM2 million.
Additional Points Description
How to Use It
  • Use your Maybank Islamic World Mastercard Ikhwan Card-i to pay for local and overseas purchases.
  • Earn reward points on all your transactions.
  • Redeem your TreatsPoints for Enrich Miles.
Good about It
  • Earn 10,000 TreatsPoints on your first transaction of any amount.
  • Get 1 TreatsPoints on petrol, utilities, insurance, and EzyPay transactions.
  • Redeem 6,360 Treats AirMiles for 1,000 Enrich Miles.
  • Enrich Miles that you can get include Enrich Miles (MAS), Asia Miles, and KrisFlyer Miles

(Singapore Airlines).

  • Dine at SPG Hotels & Resorts Privileges and get up to 50% off your food bill.
  • Complimentary access to golf clubs in Malaysia and across the world.
  • 0.2% of your cross border purchase value will be donated to Waqaf & Zakat, a charity to help those in need.
Keep in Mind
  • You don’t earn TreatsPoints on government-related transactions.
  • The minimum income requirement for this card is RM100,000.
  • You are eligible for travel takaful only when you use your card to book your international flight tickets.
  • Complimentary access at Plaza Premium Lounge is valid for 5 visits until 31 December 2018.
  • In case of delay or loss of luggage, you need to use your Maybank Islamic World Mastercard Ikhwan Card-i to purchase clothing and other essentials. If you pay cash or use your debt or another credit card, you will not be eligible for compensation.
  • Dining discount of 50% at SPG Hotels & Resorts is applicable only when you dine with one other guest.
  • You get a discount of 40% when you dine at SPG Hotels & Resorts with 3 to 10 guests.
  • The discount is not applicable on alcoholic beverages and tobacco products.    

Who Should Get It

  • Those who prefer to use their card to make regular local and overseas purchases.
  • Frequent flyers.

AmBank Islamic Visa Infinite Card-i

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

5x AmBonus Points for overseas spends.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Travel takaful coverage of up to RM2 million.

(Takaful Protection )

The AmBank Islamic Visa Infinite Card-i provides reward points when you spend overseas. Your annual income must be a minimum of RM120,000 to be eligible for the card.

Key Benefits

  • Earn 5x AmBonus Points for overseas spends.
  • Get complimentary travel insurance of up to RM2 million if you flight ticket is completely charged to your card.
Additional Points Description
How to Use It
  • Swipe your AmBank Islamic Visa Infinite Card-i for all your purchases overseas.
  • Earn AmBonus Points on every RM1 you spend for overseas purchases.
  • Redeem free flights at over 50 airline partners with the accumulated AmBonus Points.
  • You can also choose items from the rewards redemption catalogue to redeem.
Good about It
  • Enjoy Plaza Premium Lounge access throughout the year with a discount of 25% on all lounges in Malaysia and 20% off overseas lounges.
  • Get on-the-spot redemption facility at the participating outlets, such as Cosway, Courts, ESH, MyDin, and SenHeng.
Keep in Mind
  • Only spends made outside Malaysia are considered as overseas spends to provide 5x Reward Points.
  • Online transactions done from another country are not considered as overseas transactions.

Who Should Get It

  • Those who prefer to shop overseas using their card.

Public Islamic Bank Visa/Mastercard Platinum Credit Card-i

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Unlimited 0.2% Hibah Performance Bonus on local and overseas spends.

(Rewards Programme)

15%p.a to 18%p.a.

(Profit Rate)

Up to RM500,000.

(Takaful Protection)

The Public Islamic Bank Visa/Mastercard Platinum Credit Card-i lets you earn performance bonus on your transactions. You can also enjoy a host of Visa privileges with the card.

Key Benefits

  • Earn unlimited Hibah Performance Bonus of 0.2% when you spend on retail purchases locally and overseas.
  • Make on-the-go payments with the Visa PayWave/Mastercard Paypass facility.
Additional Points Description
How to Use It
  • Pay all your purchases with the Public Islamic Bank Visa/Mastercard Platinum Credit Card-i.
  • Get unlimited Hibah Performance Bonus on local and overseas retail purchases.
  • The bonus has no restrictions, no minimum qualifying sum, and no maximum limit.
Good about It
  • Get travel coverage of up to RM500,000.
  • Enjoy 2 complimentary visits to Plaza Premium Lounges in Malaysia.
Keep in Mind
  • Your annual income must be a minimum of RM50,000 to be eligible for the card.
  • Casino expenses, petrol purchases, charity donations, government-related transactions, payments done on www.pdebank.com and ATM, cash advance, balance transfer, transactions done at Tunku Abdul Rahman University and Tunku Abdul Rahman University College campus.

Who Should Get It

  • Those who use their card for retail transactions in Malaysia and overseas.

Bank Islam Visa Infinite Credit Card-i

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Low profit rates starting at 13.5% p.a.

(Rewards Programme)

13% p.a. to 17% p.a. for Bank Rakyat members

(Profit Rate)

Travel Personal Accident Takaful—RM2 million

Personal Accident Takaful—RM100,000

(Takaful Protection)

This card works on the Shariah principle of Tawarruq. You can enjoy lower profit rates along with other benefits on this credit card.

Key Benefits

  • You can enjoy lower profit rates that start from 13.5% p.a.
  • Enjoy a competitive cash withdrawal fee of 2.5% of the cash withdrawn or RM12, whichever is higher.
  • You can earn 1 Trupoint for every ringgit spent on retail transactions.
  • Also, get a 40% discount on will writing fees.
Additional Points Description
How to Use It
  • Use the Bank Islam Visa Infinite Credit Card-i to pay for all your transactions to earn reward points and discounts.
  • Use the card for retail transactions to earn 1 Trupoint on every ringgit you spend.
  • Utilise your accumulated Trupoints to redeem various gifts and vouchers.
Good About It
  • Access Visa Global Services 24/7 at 03-26 900 900.
  • Enjoy 3 free visits to Airport Independent Lounge at the participating Premium Lounge Network in Singapore and Malaysia.
  • Get a complimentary travel personal accident takaful coverage of up to RM2 million.
  • Get a Flight Travel Inconvenience cover of up to RM1,000 with the card for both overseas and domestic travel.
Keep in Mind
  • The contract/validity period of the card is 3 years.
  • You can get a financing limit equals 3 times your monthly salary.

Who Should Get It

  • Those who prefer to use their credit card while traveling.

CIMB PETRONAS Platinum Credit Card-i

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Up to 7% cash rebate on statement balance above RM3,000 spends

3% cash rebate on statement balance of RM3,000 and below

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Takaful coverage of up to RM1 million

(Annual Fees)

The CIMB Islamic Bank PETRONAS Gold Credit Card-i is a co-branding card that provides cash rebate when you spend at PETRONAS stations. The details on the cash rebate and other benefits offered by the card are listed below:

Key Benefits

  • Enjoy a cash rebate of 7% on PETRONAS spends if your statement balance is RM3,000 and above.
  • Get a cash rebate of 3% on PETRONAS spends if your statement balance is below RM3,000.
  • Earn a cash rebate of 0.2% when you spend on other retail transactions.
Additional Points Description
How to Use It
  • Use the card to pay for your PETRONAS and other retail transactions.
  • Earn cash rebate based on the category of spend and the statement balance for the month.
Good About It
  • Complimentary travel takaful cover that covers travel inconveniences like lost flight or baggage delays.
  • The cash rebate you earn on other retail purchases comes without any capping.
  • The annual fee for the principal card is waived for a lifetime.
Keep in Mind
  • Cash rebate you earn on PETRONAS spend is capped at RM50 per card per month.
  • The complimentary takaful is provided only if you pay the entire airfare with your card.
  • You must have an annual income of RM24,000.

Who Should Get It

  • If you spend frequently on fuel purchases at PETRONAS stations with your card.

AFFIN ISLAMIC World Mastercard Credit Card

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Low profit rates starting at 12% p.a.

(Rewards Programme)

12% p.a. to 18% p.a.

(Profit Rate)

Flight and Travel Personal Accident Takaful—RM1 million

Personal Accident Takaful—RM100,000

(Takaful Protection)

This is a Shariah-compliant card that provides privileges and benefits around the globe. It offers you an annual fee waiver for the first year and also comes with a competitive profit rate.

Key Benefits

  • On this card, you can enjoy competitive profit rates starting at 12% p.a.
  • Eligible cardholders can enjoy up to 6 complimentary visits per calendar year to Plaza Premium Lounges located in Malaysia, Singapore, Taiwan, Cambodia, and Indonesia among others.
  • On qualifying, you can also get a tee-off with complimentary green fees at participating golf courses across the globe.
Additional Points Description
How to Use It
  • Pay for all your retail transaction bills with the AFFIN ISLAMIC World Mastercard.
  • Use the card to utilise Mastercard Global Service.
Good About It
  • Enjoy a complimentary flight and travel personal accident takaful cover of up to RM1 million.
  • Get a complimentary personal accident takaful coverage of up to RM100,000.
  • The card provides a complimentary coverage for funeral expenses of RM1,000.
Keep in Mind
  • The complimentary lounge access and golf tee-off are available only for principal cardholders with a minimum spend of RM2,000 on their cards in the latest month’s statement or RM24,000 p.a.

Who Should Get It

  • Those who use a credit card frequently for retail transactions.

BSN Mastercard Platinum Credit Card-i

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Up to 2x Happy Points

(Annual Fees)

11% p.a. to 17.5% p.a. (for government employees)

13.5%p.a. to 17.5%p.a. (for private employees)

(Profit Rate)

Complimentary automatic Travel Accident Insurance up to RM1 million

(Takaful Protection)

With this credit card, pay low fees and enjoy comfortable payment plans. The annual fee on the card is waived too.

Key Benefits

  • Earn 2x Happy Points at participating merchants on dining, golf, travel, and overseas retail transactions.
  • Enjoy 1x Happy Points on your local transactions with the card.
  • You can also get attractive rates on balance transfer programme.
  • Obtain as many as 5 supplementary credit cards.
Additional Points Description
How to Use It
  • Use the BSN Mastercard Platinum Credit Card-i for retail and overseas transactions.
  • Use it to earn Happy Points on your transaction.
  • You can redeem your accumulated Happy Points for Enrich Miles, shopping, and dining vouchers.
Good About It
  • Low annual management fees with the card.
  • Get a complimentary BSN Zing PLUSMiles card and enjoy auto-reload function with the Touch ‘n Go facility.
Keep in Mind
  • You must charge your full airfare to the card to enjoy the complimentary coverage.
  • Your minimum annual income needs to be at least RM60,000 or RM5,000 per month.

Who Should Get It

  • Those who use a credit card frequently for shopping and dining transactions.
  • Those who travel regularly.

How to Choose the Best Islamic Card

Compare the credit cards and choose the one that suits your requirements. Make an assessment of your needs and choose the card which best suits your requirements. Also, read the terms and conditions, and choose the one that fits your lifestyle.

If you want to know more about other categories, check the best cashback credit cards or the best shopping credit cards.

Review

All Islamic cards come with a set of privileges and benefits. However, CIMB PETRONAS Platinum-i Credit Card stands out as it offers cashback benefits on your PERONAS spends as well as other retail expenses. On your PETRONAS expenditure, you can earn a cash rebate of 7%. Moreover, the card also offers you an unlimited cash rebate of 0.2% on your other retail expenses.

Illustration

Let’s find out the amount of cash rebate you can earn in a month on your CIMB PETRONAS Platinum-i Credit Card when your statement balance for that month is RM3,500.

Type of Expenditures Amount Spent Cash Rebate Percentage Amount of Cash Rebate
Spends at PETRONAS RM2,700 7% (capped at RM50) RM189
Other Retail Spends RM800 0.2% (unlimited) RM1.6

As your statement balance for that month is RM3,500 which means you are entitled for a 7% cashback on your PETRONAS purchases. Therefore, even if the total cashback earned for that month on your PETRONAS spends is RM189, you will be eligible for a cashback of RM50, according to the cap provided. Other retail spends come without any cashback limit, so the total amount of cashback earned for that month will be RM51.6.

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